Wednesday, July 27, 2011 2:35:22 PM
General Motors to announce major investment in solar power
Posted: 12:23 PM
Last Updated: 1 hour and 9 minutes ago
By: Dennis Cutler
WZYZ - General Motors will announce on Thursday they're new initiative to put more solar power at their select dealerships.
The company will invest $7.5 million dollars in Sunlogics which is a global solar energy provider that specializes in designing, developing and operating commercial solar installations.
The investment provides Sunlogics with funds to establish their headquarters and open manufacturing facilities in Oakland County Michigan which would create 200 jobs and in Ontario, Canada that would create 110 jobs.
The investment in Sunlogics will help GM drive their use of solar energy, specifically to help implement solar installations at various GM facilities over next five years.
Right now GM facilities with power stations generate 30 megawatts of solar power. The goal is to double that power to 60 megawatts.
The funding will also accelerate the rollout of the Chevrolet Green Zone which gives dealerships the option to build Volt solar charging stations around the country.
Each station allows for the potential of up to 4,500 charges per vehicle annually. Dealers who join The Green Zone will have a canopy that generates enough electricity for up to 12 full vehicle charges per day and the unused solar power generated will be re-routed back to the grid to offset cost of power used by the dealership.
http://sunlogics.com/about/overview/
Recent GM News
- Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss • IH Market News • 09/20/2024 10:02:58 AM
- AIG names new CFO; Progyny Drops 24% After Losing Key 2025 Contract; Exicure Jumps 190% With Nasdaq Extension • IH Market News • 09/19/2024 10:26:48 AM
- GM EV Drivers Will Have Access to Even More Public Chargers with the Addition of Over 17,800 Tesla Superchargers • PR Newswire (US) • 09/18/2024 12:00:00 PM
- Meta Strengthens Child Privacy on Instagram; Google Overturns $1.7 Billion Antitrust Fine; Snap Updates Spectacles • IH Market News • 09/18/2024 10:13:07 AM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- EVgo and GM Take Charging to the Next Level with New Flagship Destinations Set to Optimize the Charging Experience • Business Wire • 09/12/2024 12:00:00 PM
- Hyundai and GM Sign Memorandum of Understanding to Explore Collaboration on Vehicles, Supply Chain and Clean-Energy Technologies • PR Newswire (US) • 09/12/2024 10:00:00 AM
- Boeing Pioneering Quantum Communications Technology with In-Space Test Satellite • PR Newswire (US) • 09/10/2024 02:15:00 PM
- Apple Loses EU Dispute; Google’s $2.7 Billion Fine Upheld; Oracle Shares Surge 9% • IH Market News • 09/10/2024 10:02:31 AM
- Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company • IH Market News • 09/06/2024 11:59:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2024 12:08:59 PM
- Qualcomm Develops Mixed Reality Glasses; Verizon to Boost Dividend, Eyes Acquisition; Samsonite Plans US Dual Listing • IH Market News • 09/05/2024 10:11:35 AM
- Intuitive Machines Soars 18% on NASA Contract, Intel Considers Splitting Operations, Dell Reassesses Selling SecureWorks • IH Market News • 08/30/2024 10:00:08 AM
- High Volatility Expected in Nvidia Report, Ambarella Soars 20%, Hertz Strengthens Board, Apple Cuts Jobs • IH Market News • 08/28/2024 09:50:36 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 09:14:02 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/26/2024 08:35:54 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/23/2024 08:43:29 PM
- Cruise and Uber Join Forces for Robotaxis, Alibaba Shifts Primary Listing to Hong Kong, Altria Hikes Dividend 4.1% • IH Market News • 08/23/2024 12:20:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/20/2024 09:06:13 PM
- Berkshire Reduces Stake in BofA, Hawaiian Airlines Soars 10%, Paramount Receives $4.3B Offer, and More • IH Market News • 08/20/2024 09:56:02 AM
- Canada Poised to be a Nickel Powerhouse & These Companies Lead the Charge • AllPennyStocks.com • 08/19/2024 09:17:00 PM
- UBS Beats Earnings Forecasts, Intel Divests Arm Holdings, Flutter Surges 9% in Premarket Trading, and More • IH Market News • 08/14/2024 09:56:35 AM
- Dell Stock Slide Offers Opportunities; Trump and Musk hold talks on X; GM Restructures China Operations, and More • IH Market News • 08/13/2024 09:43:49 AM
- Starbucks Rises 3%; Disney Unveils New Films and Expansions; Uber CEO Questions Tesla Robotaxi Viability, and More • IH Market News • 08/12/2024 09:46:16 AM
- TSMC July Revenue Surges 45%, Nasdaq Accelerates Penny Stock Delistings, Moody’s Downgrades Intel to BAA1, and More • IH Market News • 08/09/2024 09:44:44 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM